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China's pboc have been busy: cut its rrr, 'asked' banks not to buy dollars. panicking?

They've been busy little bees at the People's Bank of China.Justin had the news on two moves from the Bank:Pbo...

September 14, 2023, 9:05 pm

Pboc cuts reserve requirement ratio to release cny 500b liquidity

People’s Bank of China slashed the Reserve Requirement Ratio for a majority of banks by 25bps today. This marks the second such reduction in this ca...

September 14, 2023, 12:07 pm

Forexlive european fx news wrap: fx steady awaiting ecb, us data; china cuts rrr again

Headlines:Pboc calls on banks to hold off on immediate dollar purchases - reportP...

September 14, 2023, 11:32 am

China says it has the conditions to keep the yuan currency stable

China central bank has various currency management methods, ample tool kitsIt's been a while now that investors are bearish on yuan currency but now t...

September 14, 2023, 5:13 am

Pboc calls on banks to hold off on immediate dollar purchases - report

The report is via Reuters, citing two sources with knowledge of the matter. It is said that the Pboc ha...

September 14, 2023, 4:48 am

Forexlive asia-pacific fx news wrap: usd lost some (tiny) ground

Goldman Sachs on Australian LNG strikes: chance of a lengthy spike in gas prices are lowFitch expects the first Bank of Canada rate cut in April 2024J...

September 14, 2023, 3:43 am

Fitch expects the first bank of canada rate cut in april 2024

I posted earlier on the agency's outlook for the US economy and the Federal Reserve:Fitch still expecting US recession, in H1 2024. Also expecting 1 m...

September 14, 2023, 2:59 am

Pboc sets usd/ cny central rate at 7.1874 (vs. estimate at 7.2784)

The People's Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead.USD/CNY is the onshore yuan. Its permitted to trade...

September 14, 2023, 1:16 am

Aud higher heading into the jobs data soon (nzd, cad and yen higher too)

The summary of Asia so far is a weaker USD. While EUR and GBP are up a few tics the gains are more notable for AUD, JPY, NZD and CAD. Apart from what ...

September 14, 2023, 12:55 am

Pboc is expected to set the usd/cny reference rate at 7.2784 – reuters estimate

People's Bank of China USD/CNY reference rate is due around 0115 GMT.The People's Bank of China (Pboc),...

September 14, 2023, 12:21 am

The yuan coin: insights into china’s currency strategies

The Yuan Coin: Insights into China’s Currency Strategies In the ever-evolving landscape of global finance, the yuan coin stands tall as an emblem of...

September 13, 2023, 2:40 pm

Forexlive european fx news wrap: dollar steady ahead of cpi data

Headlines:What's priced in for the Fed outlook ahead of the CPI data today?UK July monthly GDP -0.5% vs -0.2% m/m expectedEurozone July industrial pro...

September 13, 2023, 11:50 am

Avalon globocare shares spike on laboratory services mso acquisitions

Avalon Globocare Corp (NASDAQ:ALBT) announced that its 40% owned clinical diagnostics and reference lab...

September 13, 2023, 9:51 am

Copper technical analysis - the triangle is still in play

Copper rallied on Monday after the Chinese consumer and producer price inflation showed some improvement in the world’s largest Copper importer. Chi...

September 13, 2023, 9:37 am

Ford doubles down on hybrid trucks in ev push

Ford Motor Company (NYSE:F) is doubling the production of its hybrid pickup trucks for 2024 as it attempts to continue its shift to EVs while also fol...

September 13, 2023, 5:49 am

Pboc says will support prices to rise moderately

Will pay close attention to the effect of financial policiesWill strengthen guidance of expectationsThese are just some token remarks. The good news f...

September 13, 2023, 5:49 am

Pboc sets usd/ cny reference rate for today at 7.1894 (vs. estimate at 7.2783)

The People's Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead.USD/CNY is the onshore yuan. Its permitted to trade...

September 13, 2023, 1:15 am

Grom social enterprises, inc. announces closing of $3.0 million public offering

bocA RATON, Fla., Sept. 12, 2023 (GLOBE NEWSWIRE) — Grom Social Enterprises, Inc. (NASDAQ: GROM; GROM...

September 12, 2023, 8:31 pm

Usd/cad: canadian dollar gets a boost from surging oil prices

Canadian dollar rally runs out of steam ahead of US inflation report Brent crude rallies over $91, highest levels since November ...

September 12, 2023, 4:51 pm

China bringing bulk dollar purchases under the microscope

According to the report, any business wanting to purchase $50 million or more, must now first obtain approval from the People’s Bank of China (P...

September 12, 2023, 9:31 am


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